Market News - Gold, Oil & Forex

In the immediate aftermath of the U.S. and Israeli strikes on Iran that prompted the latter to shut down the Strait of Hormuz, most reports dealt with numbers-numbers showing the amount of oil supply lost due to the closure. Those numbers varied by source, but were all above 10 million barrels daily. Now, traders are saying the loss in supply may be much smaller. “After an initial disruption at the onset of the conflict, flows strengthened as alternative logistics scaled up,” analytics provider...

Patrick De Haan, a petroleum analyst at GasBuddy, wrote on X that the national average price of gasoline has finally slipped below the politically sensitive $4-a-gallon level for the first time in many months. Per De Haan: The nation's average price of gasoline has fallen 9.3 cents over the last week and stands at $3.99 per gallon, according to GasBuddy data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is...

Venezuela’s oil production and exports are set to increase in the coming months as the United States further eases the rules of operating in the world’s biggest crude resource holder after taking control over the industry following the capture of Nicolas Maduro. The rise of Venezuela’s oil supply is good news for South America’s oil producers and sellers, which have stepped up shipments so far this year amid the disruption in the Middle East. It’s also good news for the U.S., whose refineries...

Tumbling oil prices could provide a massive tailwind for global stock markets by prompting a broader equity rally and clearing a path for central banks to cut interest rates, Karen Ward, the Chief Market Strategist for EMEA at JPMorgan Asset Management, said on Monday, as a tentative U.S.-Iran peace deal is digested by markets. Investors are currently treating higher oil prices as a threat to stocks because of inflation and growth concerns. Oil prices plummeted on Monday following the...

Oil exports from the U.S. and its ‘Americas’ sphere of influence continue to be the prime beneficiary from the drop in crude output leaving the Middle East. Industry figures showed dirty tanker shipments from the Americas hit an all-time high of 14.5 million barrels per day (bpd) in May, up from 13.8 million bpd in April, and a 40% increase from May 2025. Meanwhile, transits through the key Strait of Hormuz global oil route dropped 89% from February to May, with total ship movements dropping...

When Bernie Sanders and Donald Trump agree on something, that agreement deserves examination. Both are touting the idea that the federal government should have an ownership stake in major artificial intelligence (AI) companies. For Sanders, this would be a way for the American people to share in the wealth generated by AI companies that those companies accumulated through the theft of other people's writing, artworks, photos, videos, and recordings. And it would give the government a seat at...

(RTTNews) - Extending Friday's surge, gold prices have soared on Monday following a slump in crude oil prices after the U.S. and Iran announced a deal to end the gulf war and reopen the Strait of Hormuz. The official signing is set to take place on Friday in Switzerland.

Russia’s deputy prime minister kept walking but couldn't shake off a gaggle of reporters with questions about the country’s growing fuel crisis. Aleksandr Novak admitted oil production had fallen due to “unscheduled maintenance” at refineries but avoided saying why it was needed. That was June 4. Come June 9, the Energy Ministry issued a statement that nailed it. “Companies in the fuel and energy sector have encountered an increase in enemy air attacks, leading to temporary complications in...

A study of analyst recommendations at the major brokerages shows that Gold Fields Ltd. (Symbol: GFI) is the #12 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index. The Metals Channel Global

Tesla Inc. (NASDAQ:TSLA) presented self-published safety data to regulators in Sweden and the Netherlands in a bid to secure approval of its “Full Self-Driving” (FSD) system, which amounts to misleading marketing according to independent traffic-safety researchers. A newly published investigative report by Reuters claims that the EV manufacturer relied on invalid data comparisons and unrealistic assumptions to overstate the safety performance of its FSD driver-assistance technology, allegedly...